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in mitt's plan to cut funding to pbs, would be a drop in the bucket in terms of the deficit but would have a major impact on educational television in america. former reading rainbow host lavar burton will join me tonight. looking forward to that. share your thoughts with us on twitter and on facebook using the hash tag ed show. we're coming right back. schoole world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higr level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. email marketing from constant contact reaches people in a place they're checking every day -- their inbox. and it gives you the tools to create custom emails that drive business. it's just one of the ways constant contact can help you grow your small business. sign up for your free trial today at constantcontact.com/try. >>> welcome back. thanks for watching tonight. good news for the country means republicans are
in mitt's plan to cut funding to pbs, would be a drop in the bucket in terms of the deficit but would have a major impact on educational television in america. former reading rainbow host lavar burton will join me tonight. looking forward to that. share your thoughts with us on twitter and on facebook using the hash tag ed show. we're coming right back. schoole world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their...
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Oct 6, 2012
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in mitt's plan to cut funding to pbs, would be a drop in the bucket in terms of the deficit but would have a major impact on educational television in america. former reading rainbow host lavar burton will join me tonight. looking forward to that. share your thoughts with us on twitter and on facebook using the hash tag ed show. we're coming right back. interior design business. she's got a growing list of clients she keeps in touch with using e-mail marketing from constantcontact.com. constantcontact is easy and affordable. it lets her send out updates and photos that showcase her expertise and inspire her customers for only $15 a month. [ dog barking ] her dream -- to be the area's hottest interior design office. [ children laughing ] right now, she just dreams of an office. get a free trial at constantcontact.com. we might still be making mix tapes. find this. pause this. play this. eject this. write this. it's like the days before esurance express lane™. you had to find a bunch of documents just to get a car insurance quote. now express lane finds your driving info with just one
in mitt's plan to cut funding to pbs, would be a drop in the bucket in terms of the deficit but would have a major impact on educational television in america. former reading rainbow host lavar burton will join me tonight. looking forward to that. share your thoughts with us on twitter and on facebook using the hash tag ed show. we're coming right back. interior design business. she's got a growing list of clients she keeps in touch with using e-mail marketing from constantcontact.com....
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Oct 10, 2012
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so mitt romney will cut the deficit by doing something that will add to the deficit. the other thing he brought up, pbs. the only specific that mitt romney gave in terms of how he will cut the deficit. the only detail he provided was that he would eliminate 1/100th of 1% of the budget. there have been lots of attempts over the past week to put that number in perspective. here's some more. >> the federal share of the corporation for public broadcasting is about $450 million this year. that $450 million is about what the pentagon spends every six hours. >> six hours. to be clear, mr. romney and mr. ryan's idea for the deficit to save the country from fiscal disaster and pay for the stuff they want to do that's really expensive, their plan is to eliminate six hour's worth of defense spending. one-fourth of one day's worth of defense spending. at the same time, to make overall defense spending go like this. because, you know, they are the numbers guys. math. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doct
so mitt romney will cut the deficit by doing something that will add to the deficit. the other thing he brought up, pbs. the only specific that mitt romney gave in terms of how he will cut the deficit. the only detail he provided was that he would eliminate 1/100th of 1% of the budget. there have been lots of attempts over the past week to put that number in perspective. here's some more. >> the federal share of the corporation for public broadcasting is about $450 million this year. that...
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of the major stumbling blocks which i've pointed out people have bought on to the theory as part of deficit reduction we ought to lower the top rate on the highest income people. you lose a ton of revenue there and you can't make it up unless you squeeze the middle class. so if you're going to start out by saying the first thing we do is lower the rate from say 35 to 28 as simpson-bowles does or 25 as ryan does it's virtually impossible do deficit reduction without hurting the middle class. my suggestion intended to break this deadlock, this gridlock we've had on getting a budget deal for the last year and a half, let's get off this thing that the first thing we do is say we're going to lower the top rate. in the presidential campaign, the president's campaigning on letting the rate on the highest income people go back to where it was in the clinton years, that makes sense. now some republicans are saying yeah, we may have to do that. that's the way to get a deal done. instead of the kind of gridlock we've had so far. >> now, one of the other issues is the fiscal cliff and the gang of eight
of the major stumbling blocks which i've pointed out people have bought on to the theory as part of deficit reduction we ought to lower the top rate on the highest income people. you lose a ton of revenue there and you can't make it up unless you squeeze the middle class. so if you're going to start out by saying the first thing we do is lower the rate from say 35 to 28 as simpson-bowles does or 25 as ryan does it's virtually impossible do deficit reduction without hurting the middle class. my...
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. >>> coming up, new polls out today show mitt romney with a double-digit deficit in his running mate's home state. we will give you the latest spread on that. >>> but first, which president obama is preparing to emerge at the next debate? we'll talk to his campaign's vice chairwoman, next. this is msnbc. >>> well, mitt romney is not backing off of his attacks of president obama's economic policies, no matter what the latest jobs report says. he told a florida crowd last night that the president is out of ideas and says wednesday's debate proved that. >> he got a chance to explain his jobs program. how he's going to create new jobs in america. did you hear what he had to say? i didn't either. i kept looking for a specific plan as to what he was going to do to create jobs. i heard more of the same, stimulus, hiring more government workers, raising taxes. those things don't create jobs, they cost jobs. >> joining me now is illinois democratic congresswoman jan schakowsky. she is also vice chair of the president's re-election campaign. and congressman, before i get to those jobs numbers, "
. >>> coming up, new polls out today show mitt romney with a double-digit deficit in his running mate's home state. we will give you the latest spread on that. >>> but first, which president obama is preparing to emerge at the next debate? we'll talk to his campaign's vice chairwoman, next. this is msnbc. >>> well, mitt romney is not backing off of his attacks of president obama's economic policies, no matter what the latest jobs report says. he told a florida crowd...
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john boehner is rowlowering expectations saying the deficit deal probably won't happen when congress returns after the election. it's not called lame duck for nothing. but surprising absolutely no one, everyone will wait to see how who the president will be, who's sitting in the oval office. >> yeah. look, the only reason -- well, two reasons you think this whole fiscal mess gets solved in this period is, one, because they have rather large, looming deadlines like the markets wanted it to happen and tax rates will go up and defense cuts mitt romney thinks are intentional -- never mind. is other reason the such difficult decisions they want to blame it on the old congress. whoever is president, that will still will true. i say the deal gets done. if not the whole thing sh it's because people think if you go beyond the deadline. tax rates go up for a week or two they will get a better deal. who knows? >> if you want to get a vote out of people they are worried about casting to lose office and they have already lost. >> blame the other people. >> do you know where there is bipartisanshi
john boehner is rowlowering expectations saying the deficit deal probably won't happen when congress returns after the election. it's not called lame duck for nothing. but surprising absolutely no one, everyone will wait to see how who the president will be, who's sitting in the oval office. >> yeah. look, the only reason -- well, two reasons you think this whole fiscal mess gets solved in this period is, one, because they have rather large, looming deadlines like the markets wanted it to...
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there's no real difference, but maybe the republicans would be better for the deficit. maybe the republicans would spend less. check this out. this is what mitt romney is proposing for spending on the military. ta da! people say there's no real difference between the candidates? holy mackerel. when you're talking about the biggest pile of money in the whole world, the largest amount of discretionary money spent on anything by our government, boy howdy is there a difference here. but for a guy who wants to be thought of as cheap, as thrifty, for his campaign to be thought of as tough on spending, to be proposing that radical a spike in a pile of money that's already unimaginably enormous, to get us back to korean war levels of spending and then some, he must really have some big idea he's really committed to to justify that. to justify such a radical change in expense. he must, right? this must be something he he knows a lot about and cares a lot about. right? >> about our commitment to our military effort in terms of building a military that's prepared for the eventuali
there's no real difference, but maybe the republicans would be better for the deficit. maybe the republicans would spend less. check this out. this is what mitt romney is proposing for spending on the military. ta da! people say there's no real difference between the candidates? holy mackerel. when you're talking about the biggest pile of money in the whole world, the largest amount of discretionary money spent on anything by our government, boy howdy is there a difference here. but for a guy...
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he put out a plan for ten dwreerz years to reduce the deficit. he's got a jobs bill sit in congress helping create 2 million jobs and the president's ready to act. the last thing the senate did before it left was to kill the senators on the republican side killed the bill to provide job opportunities for veterans, returning from iraq and afghanistan. so it's difficult to hear some of the claims because the president's been trying to push the jobs agenda for four years and it's tough when republicans have put obstacles up to getting the bills passed. >> why didn't the president fully embrace simpson-bowles when he had the opportunity? he patteded them on the back and said thank you. >> he took much of what was in simpson bowls and create ten-year $4 trillion reduction plan much of what you saw in simpson-bowles -- >> he missed the moment. there was a moment when something might have been accomplished. >> remember, he said, i'm going to take the idea of reducing the deficit by $4 trillion and show you what i would do and he presented that and he ga
he put out a plan for ten dwreerz years to reduce the deficit. he's got a jobs bill sit in congress helping create 2 million jobs and the president's ready to act. the last thing the senate did before it left was to kill the senators on the republican side killed the bill to provide job opportunities for veterans, returning from iraq and afghanistan. so it's difficult to hear some of the claims because the president's been trying to push the jobs agenda for four years and it's tough when...
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he has this reputation for being a deficit hawk. as joe biden said he voted for the wars, for the new medicare -- >> the prescription drug benefit. >> he voted -- >> the bush tax cuts. >> the bush tax cuts, all of the bush budgets. he voted for a bush stimulus. in addition to voting against obama stimulus but asking for money, he voted for bush stimulus and he described it in his speeches. he was a kecanesian. he's never been forced to be consistent and yet he's hailed as this great economist, this great numbers thinker. >> michael, ryan still had no answer, as joan said shall as to how he'd pay for a 20% across the board tax cut. martha raddatz asked at least twice. mike, have you ever heard a politician make such a promise to the electorate yet not even try, not even attempt to provide one detail when asked? >> well, here is what the campaign will say and here is what ryan wasn't saying explicitly on that stage because it's a hard thing to argue. it's that they believe that if you give this sort of tax cut, there will be economic
he has this reputation for being a deficit hawk. as joe biden said he voted for the wars, for the new medicare -- >> the prescription drug benefit. >> he voted -- >> the bush tax cuts. >> the bush tax cuts, all of the bush budgets. he voted for a bush stimulus. in addition to voting against obama stimulus but asking for money, he voted for bush stimulus and he described it in his speeches. he was a kecanesian. he's never been forced to be consistent and yet he's hailed...
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deficit at least significantly by more tax revenue, you're in a pickle because you cannot say we're going to get more tax revenue at the same time and we're going to lower everybody's taxes. i mean, that's an inconsistency. unless you do what the first bush always talked about doing is we're going to grow the economy enough to make for t. we know what happened in the first bush administration. they didn't grow the economy enough. >> the truth about one of mitt romney's most galling lines in wednesday's debate after this. i brought your stuff. you don't have to do this. yes i do. i want you to keep this. it'd be weird. take care. you too. [ sighs ] so how did it go? he's upset. [ male announcer ] spend less time at gas stations with best in class fuel economy. it's our most innovative altima ever. ♪ check out the latest collection of snacks from lean cuisine. creamy spinach artichoke dip, crispy garlic chicken spring rolls. they're this season's must-have accessory. lean cuisine. be culinary chic. they're this season's must-have accessory. [ feedback ] attention, well, everyone. yo
deficit at least significantly by more tax revenue, you're in a pickle because you cannot say we're going to get more tax revenue at the same time and we're going to lower everybody's taxes. i mean, that's an inconsistency. unless you do what the first bush always talked about doing is we're going to grow the economy enough to make for t. we know what happened in the first bush administration. they didn't grow the economy enough. >> the truth about one of mitt romney's most galling lines...
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but paul ryan is just a terrible deficit for the ticket. the other thing is it is a base election. when we get to this point when we're looking at likely voters, ours are less likely to turn out. they are the young, they are the disadvantaged, they are the new citizens who haven't made a habit of voting. if we see an electorate like in 2008, barack obama wins. if we saw the one from 2010, he loses. so we talk about the independent swing voters all the time but think this is coming back down to the base for both sides. >> i think the obama team has been brilliant on the basics throughout all of this. but one of the basics they can't get away from is the 47% video. i think that is who mitt romney is. and i don't think they can allow him to escape these comments. he said these comments behind closed doors to people he needed their support and money and it's just a condemnation of who he is. then of course, he supports the ryan plan. great to have both of you with us tonight. two of the best, no question about it. thanks for being on "the ed show." remember to answer tonight's question
but paul ryan is just a terrible deficit for the ticket. the other thing is it is a base election. when we get to this point when we're looking at likely voters, ours are less likely to turn out. they are the young, they are the disadvantaged, they are the new citizens who haven't made a habit of voting. if we see an electorate like in 2008, barack obama wins. if we saw the one from 2010, he loses. so we talk about the independent swing voters all the time but think this is coming back down to...
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this week, that deficit is $1.1 trillion and it happened on his watch. he has to answer for that. >> david, we have now had two debates with the vice president and president where mitt romney and his running mate have said that they will not put new revenue on the table. one thing that might have come out in the debate between romney and obama was that mitt romney stood by his raising of the hand where he said he wouldn't take 10 cuts for one new measure of revenue. paul ryan said the exact same thing. >> well, that is a fact. they are not willing to raise rev view as far as we know except for broadening the base, dealing with some elimination of deductions, but nobody wants to cross that rubicon of raising new revenue. >> but there's a difference between raising revenue and raising taxes, isn't there? john f. kennedy cut taxes and raised revenue because of a growing economy. the word that democrats don't seem to understand is growth. which is what the country is looking for, growth in jobs. two very different philosophies. it's like a house. and i think
this week, that deficit is $1.1 trillion and it happened on his watch. he has to answer for that. >> david, we have now had two debates with the vice president and president where mitt romney and his running mate have said that they will not put new revenue on the table. one thing that might have come out in the debate between romney and obama was that mitt romney stood by his raising of the hand where he said he wouldn't take 10 cuts for one new measure of revenue. paul ryan said the...
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don't raise the deficit. don't raise taxes on the middle class. and don't lower the share of income that is born by the high income earners. keep saying this $5 trillion plan, i suppose, it's been discredited by six other studies and even their own deputy campaign manager acknowledged that it wasn't correct. >> let's talk about this 20%. you have refused, and, again, to offer specifics on how you pay for that 20% across the board tax cut. do you actually have the specifics or are you still working on it and that's why you won't tell voters? >> different than this administration, we actually want to have big bipartisan agreements. you see, i understand -- >> do you have the specifics? do you have the -- know exactly what you're doing? >> look at what ronald reagan and tip o'neill did. they worked together out of a framework to lower tax rates and broaden the base and worked together to fix that. what we're saying is, here's our framework. lower tax rates 20%. we raise about $1.2 trillion through income taxes. we forego about $1.1 trillion in loopho
don't raise the deficit. don't raise taxes on the middle class. and don't lower the share of income that is born by the high income earners. keep saying this $5 trillion plan, i suppose, it's been discredited by six other studies and even their own deputy campaign manager acknowledged that it wasn't correct. >> let's talk about this 20%. you have refused, and, again, to offer specifics on how you pay for that 20% across the board tax cut. do you actually have the specifics or are you...
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you made them. >> no, we did not. >> it was not a spending caused deficit. it was a war caused and tax cut caused deficit. >> not such a high def sit as we have now. they were not cuts in marginal tack rates. they were giving back money to people in terms of programs -- >> not stimulative. >> look, everyone knew that we were in a recession, everyone knew it was terrible. part of why barack obama got elected. it didn't how much money they were getting back. people were still scared. people were not going to spend their money. you can't blame that on a president and say look he was the boogeyman. people will hold on to their money tight. >> absolutely. we see in our new -- the new numbers out of the consumer confidence is that consumer confidence is you. we may be in a place where we're starting to move out of it. we've gotten the consumer confidence index moving up. there's a big truth fight going on all week. what really happened in libya? i want to talk a bit about that next. [ female announcer ] most whitening strips promise full whitening results in two w
you made them. >> no, we did not. >> it was not a spending caused deficit. it was a war caused and tax cut caused deficit. >> not such a high def sit as we have now. they were not cuts in marginal tack rates. they were giving back money to people in terms of programs -- >> not stimulative. >> look, everyone knew that we were in a recession, everyone knew it was terrible. part of why barack obama got elected. it didn't how much money they were getting back. people...
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> mitt romney is trying to close the gender gap before the election, but meryl streep is trying to stop him. and mitt romney is now afraid of answering questions from kids. the kids on nickelodeon. something that john mccain and barack obama did. why is mitt so afraid of the kids? with the spark cash card from capital one, sven's home security gets the most rewards of any small business credit card! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve the most rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. starts with arthritis pain and a choice.
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> mitt romney is trying to close the gender gap before the election, but meryl streep is trying to stop him. and mitt romney is now afraid of answering questions from kids. the kids on nickelodeon. something that john mccain and barack obama did. why is mitt so afraid of the kids? with the spark cash card...
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he was able to get a $3 billion deficit, convert it into a $2 billion surplus. all of that with working with democrats. so i think you look at scrutinize his successful record as governor and compare it to president obama's failed policies. where his, the economy is still stagnant. where we're not seeing enough jobs being created. and really, i would go with governor romney. >> let's move on here to the message on the stump. we don't have a lot of time today. governor romney made no mention of his much-touted 20% tax cut at his campaign rally in yoi head. t let's talk about it on the other side. >> you paid 14% in federal taxes. that's the capital gains rate. is that fair to the guy who makes $50,000 and paid a higher rate than you did? you think it is fair? >> yeah i think it's the right way to encourage economic growth. >> it's a simple ad, is the ad encouraging the campaign to take the issue off the table. >> a simple ad that they seem to have cut out certain parts of the interview. as you know the ad is misleading. what we do know is that governor romney's e
he was able to get a $3 billion deficit, convert it into a $2 billion surplus. all of that with working with democrats. so i think you look at scrutinize his successful record as governor and compare it to president obama's failed policies. where his, the economy is still stagnant. where we're not seeing enough jobs being created. and really, i would go with governor romney. >> let's move on here to the message on the stump. we don't have a lot of time today. governor romney made no...
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. >> my suspicion is this is true on the deficit. people toll pollsters are worried about the deficit. it's a stand in for, you know, a bad economy or moral degrade asian or whatever it is. i refuse to think many people are showing up on tuesday. >> a lot of times pollsters ask, do you feel strongly about that or not strongly? the problem is they don't know what to do with it. what they do is combine the not strong and the strong and treat them as though they are equal degrees. now, it is a very difficult, i think philosophical opinion or approach or problem to try to differentiate an opinion that matters versus top of the mind. one of the ways we did it, we said, if you supported the bailout, we say how upset would you be if we hadn't supported it, not very upset. >> that's a good question. >> it's a way to find out your opinion is not one you want to represent because you didn't care. >> we should say there's one place or places in which longitudinal studies are measured. gay marriage, for instance. we have a long data set on peopl
. >> my suspicion is this is true on the deficit. people toll pollsters are worried about the deficit. it's a stand in for, you know, a bad economy or moral degrade asian or whatever it is. i refuse to think many people are showing up on tuesday. >> a lot of times pollsters ask, do you feel strongly about that or not strongly? the problem is they don't know what to do with it. what they do is combine the not strong and the strong and treat them as though they are equal degrees. now,...
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and that'll be a big debate. >> i just said don't raise the deficit. >> okay. can i tell you one other thing mike allen sent me, willie? >> what? >> yesterday. as criticism -- >> i don't want to see it. >> sugary sodas intensifies, coke, pepsi, and dr. pepper are rolling out new vending machines that will put calorie counts right at your fingertips. it's a move in the right direction. thank you, mike allen for sending that to me. we need to get that in the show some time today, we also need to talk about the campaign -- >> did somebody put -- >> that's getting fascinating. >> joe, stop blustering. >> thanks, jim. >>> when we come back, the jets try to survive a showdown with the texans on monday night football. he had a chance, one drive to win it all and turn around the season. >> tebow. >> show you how he did. >> tebow. >> orioles/yankees, full highlights when we come back. >>> all right. time for some sports. on monday night football. >> no. >> the new york jets coming off a 34-0 shutout loss to the 49ers last week. had to try to turn it around against the u
and that'll be a big debate. >> i just said don't raise the deficit. >> okay. can i tell you one other thing mike allen sent me, willie? >> what? >> yesterday. as criticism -- >> i don't want to see it. >> sugary sodas intensifies, coke, pepsi, and dr. pepper are rolling out new vending machines that will put calorie counts right at your fingertips. it's a move in the right direction. thank you, mike allen for sending that to me. we need to get that in the...
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. >> if it's true that it's not going to add to the deficit, that leaves only one option and that's asking middle class families to foot bill. >> reporter: the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's mocking his plan to cut funds for pbs. >> big bird. >> big bird. >> big bird. >> he's focused on saving big bird. kind of a strange thing in my view because you see i'm focused on helping the american people get good jobs. >> reporter: sesame's street now asked the obama campaign to pull the big bird ad, yet there are weightier questions here as congress looks in to whether the u.s. was warned of the deadly libya attack. >> twice in the six month lead up, you had bombings at our compound there in benghazi and it's 9/11 in libya. what other warnings do you need? >> reporter: warnings of trouble now for president obama, romney's closing the gap. the latest polls, reuters has them tied. gallup has romney up by two. pew has him up by four. and we were talking about the polls in the balgtd ground sta
. >> if it's true that it's not going to add to the deficit, that leaves only one option and that's asking middle class families to foot bill. >> reporter: the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's mocking his plan to cut funds for pbs. >> big bird. >> big bird. >> big bird. >> he's focused on saving big bird. kind of a strange thing in my view because...
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we'd still have a $3 billion deficit. you see, there are not enough rich people and small businesses to tax to pay for all their spending. and so the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out middle class, the tax bill is coming to you. >> so, al -- what do you think, mika? >> al, go ahead. >> you laughed at that line. a lot of people thought that was a strong line. >> okay. it was ridiculous. >> it's actually ridiculous -- both sides are being ridiculous on this because neither one is going to balance the budget. this is the biggest failure in the campaign on both sides is that neither side has made any significant attempt to balance the budget and it's outrageously stupid and what the president is doing is inadequate. >> when we come back, ed gillespie joins us live from kentucky. and then joe cline. and don't miss the weekend review. first, bill karins has the weekend forecast. >> this is a lot of time where people have their plans, whether you'
we'd still have a $3 billion deficit. you see, there are not enough rich people and small businesses to tax to pay for all their spending. and so the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out middle class, the tax bill is coming to you. >> so, al -- what do you think, mika? >> al, go ahead. >> you laughed at that line. a lot of people thought that was a strong line. >> okay. it was ridiculous....
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-- new deficit neutral. in other words, no cost to the deficit and cutting $5 trillion mainly for the wealthy. let's watch. >> with regards to that tax cut, look, i'm not looking to cut massive taxes and to reduce the revenues going to the government. my number one principle is there will be no tax cut that adds to the deficit. i want to underline that. no tax cut that adds to the deficit. >> his running mate just dates before, paul ryan directly contradicted romney. ryan said lowering the tax rates was more important than anything else, including getting rid of those deductions to pay for them supposedly. let's watch. >> what's most important to romney, would he scale back on the 20% tax cut for the wealthy? would he scale back and say, okay, we're going to have to raise taxes for the middle class? i guess the question is what's most important to him in his tax reform plan -- >> keeping tax rates down. by lowering tax rates, people keep more of the next dollar they earn. >> that's more important -- >> that'
-- new deficit neutral. in other words, no cost to the deficit and cutting $5 trillion mainly for the wealthy. let's watch. >> with regards to that tax cut, look, i'm not looking to cut massive taxes and to reduce the revenues going to the government. my number one principle is there will be no tax cut that adds to the deficit. i want to underline that. no tax cut that adds to the deficit. >> his running mate just dates before, paul ryan directly contradicted romney. ryan said...
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we're hearing about the book "the young guns" written by ryan and his colleagues outlining his deficit and debt policies. biden has been on the trail talking about it this book and these policies. these are attacks he's been honing over the last couple weeks and months. really what you see is biden addressing things like social security and medicare. these are arguments he's making on the stump now, but his staff and van holland right now are preparing him to respond to have a back and forth with ryan on those issues. >> carrie, thank you very much for the report there. the battle for the buckeye state. president obama is headed to ohio from san fran. he will speak at a rally later this afternoon at ohio state university. after a rally in iowa in just the past hour, mitt romney headed to ohio as well and will spend four of the next five days there. he's trying to capitalize on the new dynamic of the presidential race following last weengk's debalt. it was like yesterday we were talking about whether governor romney was going to pull up his stakes in ohio and try to focus on a different
we're hearing about the book "the young guns" written by ryan and his colleagues outlining his deficit and debt policies. biden has been on the trail talking about it this book and these policies. these are attacks he's been honing over the last couple weeks and months. really what you see is biden addressing things like social security and medicare. these are arguments he's making on the stump now, but his staff and van holland right now are preparing him to respond to have a back...
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now, what's interesting about the budget deficit is where it actually comes from. i think a lot of people presume that the stimulus is responsible for most of that. and in fact, it's not true. if you look at our deficit and our debt, the debt number between 2001 and 2010 has gone way, way up. 17% of that is the bush tax cuts. about 12%, 13% of that are the wars in iraq and afghanistan. the stimulus is responsible for 7%. >> okay. so over the past four years, though, we've had trillion-dollar deficits. >> yep. >> all four years. what's the cause of that? >> well, the cause of that is clearly stimulus spending but also a lack of revenue. the revenue numbers that we had projected were much, much greater. you know, unemployment is responsible for that. lower taxes are responsible for that. and the obama administration has lowered taxes consistently. it's brought in less revenue. >> let's look at the question about the dow jones average. it's fascinating. this president has been seen as being hostile to wall street. wall street believes that wall street has been treated
now, what's interesting about the budget deficit is where it actually comes from. i think a lot of people presume that the stimulus is responsible for most of that. and in fact, it's not true. if you look at our deficit and our debt, the debt number between 2001 and 2010 has gone way, way up. 17% of that is the bush tax cuts. about 12%, 13% of that are the wars in iraq and afghanistan. the stimulus is responsible for 7%. >> okay. so over the past four years, though, we've had...
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? [ male announcer ] you start your day... love you, too. ...thinking about what's important to you -- your family... ...the mortgage... the kids' college tuition. [ cellphone ringing ] but life insurance? [ horn honking ] life is unpredictable. that's why at fidelity life we want you to think about term life insurance -- taking care of your family's future expenses if something happens to you. it's easy. we get to know you and your needs, then give you our best quote and our competitors'. you choose and save up to 70%. that could mean $250,000 of coverage for just $15 a month. we offer plans with no medical exam, and we've been in business for over 100 years. call fidelity life. ♪ or visit fidelitylife.com for your free quote. [ horn honks ] hey, honey. do we have life insurance? ♪ [ male announcer ] or visit fidelitylife.com to secure your family's future today. >>> election say is just 26 days away and
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? [ male announcer ] you start your day... love you, too. ...thinking about what's important to you -- your family... ...the mortgage... the kids' college tuition. [ cellphone ringing ] but life insurance? [ horn honking ] life is unpredictable. that's why at fidelity life we want you to think about term life insurance...
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bush left office eight years later we had a $1 trillion deficit. republicans doubled the national debt from 5 trillion to 10, 11 trillion. barack obama has taken the 11 trillion to 16, 17 trillion. under his own proposals and his own projections, that national debt will go over 20 trillion by the time he leaves office. both parties have been reckless and irresponsible. >> so is there any way to reduce it here in the u.s. without extreme austerity measures? >> well, we're going to see what happens when we reach the fiscal cliff. i think there is a way. >> are we going over that cliff? >> i don't think so. >> do you think they're going to come together before january 2nd? >> only because you're going to have enough ceos and people who contribute to democrats and republicans alike that go, kids, kids, come here. come here. let's gather around. we're going to stop supporting you if you don't stop acting so reckless. they've got no choice. the markets are going to kill us. you know, right now we've got again 16, $17 trillion national debt. this past yea
bush left office eight years later we had a $1 trillion deficit. republicans doubled the national debt from 5 trillion to 10, 11 trillion. barack obama has taken the 11 trillion to 16, 17 trillion. under his own proposals and his own projections, that national debt will go over 20 trillion by the time he leaves office. both parties have been reckless and irresponsible. >> so is there any way to reduce it here in the u.s. without extreme austerity measures? >> well, we're going to...
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how he would reduce the deficit? by when? did anyone ask? >> i mean, there's two components to his tax reform plan. one is a huge tax cut, which is going to add up to $5 trillion. and the other is to pay for it. so he's been explicit about one part, which is the tax cut. he hasn't been detailed about the last part. but obama never pressed him on this. that's your point. these are 90-minute forums, they're highly intense. >> you just did it, mika, so why couldn't he? >> that's what i'm wondering. >> everybody out there, democrats were yelling at the camera. >> because it's been the conversation for a month. and for the president not to know -- >> it's stunning, isn't it, sam? it's stunning. but mike, you know, if romney is moving to the center, if he is changing his positions, that's probably good for him electorally. usually candidates do that -- every candidate does that at the convention. mitt romney seemed to do it in the middle of his first debate. >> yeah, well, he could have done it at the convention and no one would have noticed given
how he would reduce the deficit? by when? did anyone ask? >> i mean, there's two components to his tax reform plan. one is a huge tax cut, which is going to add up to $5 trillion. and the other is to pay for it. so he's been explicit about one part, which is the tax cut. he hasn't been detailed about the last part. but obama never pressed him on this. that's your point. these are 90-minute forums, they're highly intense. >> you just did it, mika, so why couldn't he? >> that's...
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apparently this along with big bird is driving the deficits. >> in the spotlight tonight, the women's vote. mitt romney has made it clear that as president he would cut funding for planned parenthood. here's what else he said he would do as president on reproductive rights. >> i hope to appoint justices to the supreme court that will follow the law in the constitution and it would be my preference that they reverse roe v. wade and they return to the people and the elected representatives with regards to this important issue. >> today, mitt romney's etch a sketch told him to say this. there's no legislation with regards to abortion that i'm familiar with that would become part of my agenda. this, as new polling finds that mitt romney' making up some ground with women voters. last month president obama held an 18-point lead among women in a pew poll and now the candidates appear tied at 47%. he said here there's no legislation that he's contemplating. you don't have to contemplate legislation when you put in those supreme court justices who are going to over turn roe v. wade. >> it's th
apparently this along with big bird is driving the deficits. >> in the spotlight tonight, the women's vote. mitt romney has made it clear that as president he would cut funding for planned parenthood. here's what else he said he would do as president on reproductive rights. >> i hope to appoint justices to the supreme court that will follow the law in the constitution and it would be my preference that they reverse roe v. wade and they return to the people and the elected...
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we are -- i must say we all complain and we want to see the deficit addressed but don't touch my program. however, if romney as a presidential candidate or as president stood up and said look we're going to have to discuss social security. what we're going to do we're not going to touch -- he has said this. not going to touch anybody who is currently receiving social security or those who are about to come in in the next year or so. but if you look the 48-year-old you won't be able to collect social security until you're 70 but you can get it then most will say that's a good deal. i didn't think i would get anything now. pundits say you never want to educate the voter at the last minute which makes it tough for him. i do think he has to be very strong as to what he is going to do, that these are serious issues that that his experience he shouldn't run away from his experience with bain. he should say look were some jobs outsourced yes, but they were going, any way. >> as governor of the state, a wife, a mom. talk about a role model. >> when i started out the kids were little and i wasn't
we are -- i must say we all complain and we want to see the deficit addressed but don't touch my program. however, if romney as a presidential candidate or as president stood up and said look we're going to have to discuss social security. what we're going to do we're not going to touch -- he has said this. not going to touch anybody who is currently receiving social security or those who are about to come in in the next year or so. but if you look the 48-year-old you won't be able to collect...
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the plan to slash the deficit by gutting social programs and his party is saying he built that. in the other corner, a granddaddy of the base. 29 years old, joe biden became one of the youngest people ever elected to the u.s. senate. he's been steep in the political gospel of the democratic party for 40 years. he's played key roles in u.s. foreign policy as a member and chairman of the foreign committee. middle east, southwest asia, the united states has been there in the last four decades. joe biden has too. of course, congressman paul ryan who chairs the house budget committee also likes to tout his foreign policy chops. >> i have more foreign policy experience coming into this job than president obama did coming into his. >> can you explain how do you have more foreign policy experience than senator obama did. he was on the foreign relations committee. >> norah, i voted to send men and women to war. i've been to iraq and afghanistan. i've met with our troops to get perspectives. i've been to the funerals, i've talked to the widows, talked to the wives, the moms and the dads.
the plan to slash the deficit by gutting social programs and his party is saying he built that. in the other corner, a granddaddy of the base. 29 years old, joe biden became one of the youngest people ever elected to the u.s. senate. he's been steep in the political gospel of the democratic party for 40 years. he's played key roles in u.s. foreign policy as a member and chairman of the foreign committee. middle east, southwest asia, the united states has been there in the last four decades. joe...
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said he would cut funding to the public broadcasting service in order to help reduce the country's deficit. now the obama camp released a new tongue and cheek ad casting the star as a criminal mastermind. will it be infective? take a look and decide for yourself. >> i'm barack obama and i approve this message. >> bernie madoff, ken lay, gluttons of greed. and the man who towered over him. one man who has the guts to speak his name. >> big bird. >> big bird. >> big, yellow, a menace to our economy. mitt romney knows it's not wall street you have to worry about, it's sesame street. >> i'm going to stopt subsidy to pbs. >> mitt romney taking on enemies no matter where they nest. >> with the presidential election four weeks away, there is new polling out. it shows the race between president obama and mitt romney closer than ever. tracie potts has more on that from washington. good morning. >> lynn, good morning. mitt romney is going to iowa today to a family farm before heading off to ohio where we'll hear his repeat his new campaign line. mitt romney has a new campaign line today. >> hope is
said he would cut funding to the public broadcasting service in order to help reduce the country's deficit. now the obama camp released a new tongue and cheek ad casting the star as a criminal mastermind. will it be infective? take a look and decide for yourself. >> i'm barack obama and i approve this message. >> bernie madoff, ken lay, gluttons of greed. and the man who towered over him. one man who has the guts to speak his name. >> big bird. >> big bird. >> big,...
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polling after the debate, take a look, romney polling even with the president, erasing a five-point deficit. but then friday's strong jobs report could turn that around. i'm joined now by gallup poll editor in chief frank newport. frank, good to see you. good morning. >> good morning! >> okay, so, let me know what you think. how's the race shaping up? how much have we seen? how much have you been able to poll up to this point? >> boy, we're studying the numbers. in fact, we're just looking at the numbers from last night, which we're adding to our rolling average which we will report out at 1:00 today at gallup.com. our view of the race is that romney definitely got a significant boost on thursday and friday of last week. and by the way, that's probably what was picked up for the most part in that pew poll that was discussed. >> okay. >> but when we monitor our data from saturday and sunday, and now just looking at the numbers from last night, obama is picking back up again. so, we think that that continuation of a huge move by romney is not in the data. so, overall, we would say it's lookin
polling after the debate, take a look, romney polling even with the president, erasing a five-point deficit. but then friday's strong jobs report could turn that around. i'm joined now by gallup poll editor in chief frank newport. frank, good to see you. good morning. >> good morning! >> okay, so, let me know what you think. how's the race shaping up? how much have we seen? how much have you been able to poll up to this point? >> boy, we're studying the numbers. in fact, we're...
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we have a deficit that is going to kill us. they're not minding the store. now, we come at it from two other spectrums, but they're the same issues, basically the same issues they're focused on. and when the tea party first came in. and i was at a rally down in arizona with a candidate on the first tax day, first april 15th after the tea party was founded. and there were people who were democrats, there were republicans, there were independents who were there rallying on the street. but when they got into the office, they started to morph over to the social issues, so as they have done that, i think the basic premise for the party is very right, frankly. we have got to get serious about these issues. >> president reagan said famously he didn't leave the democratic party, the democratic party left him. do you feel that members of the gop feel that way? do you feel that way? >> oh, i know people feel that way. and i'm certainly verging on that. the party that i saw at the convention when you looked at the clips that -- if you read the -- the platform, the rhet
we have a deficit that is going to kill us. they're not minding the store. now, we come at it from two other spectrums, but they're the same issues, basically the same issues they're focused on. and when the tea party first came in. and i was at a rally down in arizona with a candidate on the first tax day, first april 15th after the tea party was founded. and there were people who were democrats, there were republicans, there were independents who were there rallying on the street. but when...
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you either explode the deficit. raise the middle class tax cuts, something has to give. >> something has to give and we just heard mike say that maybe the thing that gives is mortgage interest deductions. the single most important thing to middle class american families. and that's going to be and we'll get to this later. that's going to be a challenge for paul ryan. i think that what we have experiencing right now and we just said it, is that this sort of style over substance is, is, i don't think going to overtake this race. i think you have a president who was trying to move the facts out. was facing a guy who, who he hadn't seen before. either mitt romney is completely faking everything he said, or he is, is a liar. so -- either way. >> when you see the style over substance, it shouldn't matter. the truth is optics are important. >> look, style -- >> ask richard nixon, the president in 1960. >> i do think in fairness, it is fair for the american people, to want to see their president fight for them. and the bara
you either explode the deficit. raise the middle class tax cuts, something has to give. >> something has to give and we just heard mike say that maybe the thing that gives is mortgage interest deductions. the single most important thing to middle class american families. and that's going to be and we'll get to this later. that's going to be a challenge for paul ryan. i think that what we have experiencing right now and we just said it, is that this sort of style over substance is, is, i...
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trillion, you're not going to tell us one loophole you'd close, you're not going to run up the deficit or taxes on the middle class. >> very quickly -- >> no, no. it goes back to bill clinton. >> there was a story out yesterday that that claim is fiction because you don't count the loophole closing. >> what loophole? >> he talked about mortgage interest. really quickly -- >> mortgage interest? >> he has never talked about mortgage interest. >> the hilarity that there is one -- >> we have one loophole. >> mike, finish, but then i want to get on to something else. >> the president says he wants to lower tax cuts to big corporations. how to pay for it? loopholes. what loopholes? nothing. we'll tell you after the election. you're attacking romney for the same thing. >> i want to talk about the gas prices. one thing that was striking, speaker gingrich, is what some were arguing about the actual numbers. jack welch made a lot of headlines with a tweet that said, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers without any substantiation.
trillion, you're not going to tell us one loophole you'd close, you're not going to run up the deficit or taxes on the middle class. >> very quickly -- >> no, no. it goes back to bill clinton. >> there was a story out yesterday that that claim is fiction because you don't count the loophole closing. >> what loophole? >> he talked about mortgage interest. really quickly -- >> mortgage interest? >> he has never talked about mortgage interest. >> the...
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no team has ever come back from an 0-2 deficit by winning three game on the road. the giants have a chance to do it tonight. the reds still have not won a play-off game, a home play-off game in 17 years. nats hosting the cardinals in game three. second inning, cardinals up one. edwin jackson for a three run home run. cardinals win 8-0. st. louis leads that series 2-1. they can put the nats away today. all eight teams on the field. giants and reds play game five at 1:00 eastern time today. followed by the nats and cards at 4:00. yankees and close it out against the os and tigers and as all or nothing for those two teams in oakland tonight. >>> well in cycling, the legacy of lance armstrong took another substantial hit yesterday. the u.s. anti-doping agency released 1,000 pages of what it called overwhelming evidence against armstrong and his former cycling team regarding doping charges. 11 of armstrong's former teammates testified against him claiming armstrong not only participated himself in doping but demanded his teammates follow his lead or leave the team. ceo
no team has ever come back from an 0-2 deficit by winning three game on the road. the giants have a chance to do it tonight. the reds still have not won a play-off game, a home play-off game in 17 years. nats hosting the cardinals in game three. second inning, cardinals up one. edwin jackson for a three run home run. cardinals win 8-0. st. louis leads that series 2-1. they can put the nats away today. all eight teams on the field. giants and reds play game five at 1:00 eastern time today....
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we ended up moving from surplus to deficits. and it all culminated in the worst financial crisis since the great depression. >> i suppose mr. romney thought the president wouldn't recognize the term trickle-down if he twisted it around. romney is proposing boilerplate trickle-down economics providing tax relief for businesses with the false hope that they won pocket that money but rather put it into new jobs. help the rich get richer and then they'll help everyone else. but hey, mr. romney's plan as stated in the debate may in fact sound right to you. but don't call it new. it's a been there, done that track record. lower taxes on the rich, simply don't lead to job growth. when you compare the top marginal income tax rate, the tax rate that top earners get taxed over the highest threshold with employment, growth happens when taxes are higher, not lower. let me show you a chart that the president could have used this week to simplify the whole debate. this is what the election boils down to right here. larry bartels' chart makes
we ended up moving from surplus to deficits. and it all culminated in the worst financial crisis since the great depression. >> i suppose mr. romney thought the president wouldn't recognize the term trickle-down if he twisted it around. romney is proposing boilerplate trickle-down economics providing tax relief for businesses with the false hope that they won pocket that money but rather put it into new jobs. help the rich get richer and then they'll help everyone else. but hey, mr....
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you have a theory that you try and fix things in the economy, get a more efficient tax code, get the deficit down over time. that that will help you. when you give them truth serum, you're talk and you off the record, the disruption might be tough for the first few months. but they would argue that the longer term, since we're on the right track would be worth it. that's not an argument you see in the debates. it's not the way the argument gets framed. but that's the core ideological dispute in the election. >> on the other side that's been surprising is president obama, they don't talk about their big idea on the jobs. they don't talk about the jobs act. they didn't bring it up in the debates. why do you think that is? because that is a big responsive, a big idea on jobs here. >> there's a great new book called the "new new deal" about the stimulus that came out in 2009 and was almost $8 hundred billion saying it was a great success. it did a lot of things to help this recession from being worse. it's something that the president's political advisers, they do the polling. it does not resona
you have a theory that you try and fix things in the economy, get a more efficient tax code, get the deficit down over time. that that will help you. when you give them truth serum, you're talk and you off the record, the disruption might be tough for the first few months. but they would argue that the longer term, since we're on the right track would be worth it. that's not an argument you see in the debates. it's not the way the argument gets framed. but that's the core ideological dispute in...
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the house republicans won on the tea party deficit and the first thing they did was try to defund planned parenthood. >>> ryan said something incredibly important. we don't want unelected judges making these decisions. that means overturning roe v. wade. that's what they want. >> i want to play a clip of the one moment the supreme court came out. i want to hear from you, michael, right after this break. ♪ [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest pro-health for life. selected for people over 50. pro-health for life is a toothpaste that defends against tender, inflamed gums, sensitivity and weak enamel. conditions people over 50 experience. crest pro-health for life. so jill can keep living the good life. crest. life opens up when you do. and the family car to do an experiment. we put a week of her family's smelly stuff all in at once to prove that febreze car vent clips could eliminate the odor. then we brought her family to our test facility to see if it worked. [ woman ] take a dee
the house republicans won on the tea party deficit and the first thing they did was try to defund planned parenthood. >>> ryan said something incredibly important. we don't want unelected judges making these decisions. that means overturning roe v. wade. that's what they want. >> i want to play a clip of the one moment the supreme court came out. i want to hear from you, michael, right after this break. ♪ [ male announcer ] jill and her mouth have lived a great life. but she...
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if they talk about the tax thing too much in the context of deficit reduction, it doesn't help them because that's not the president's strongest turf. >> i know i ask you all of the great questions because you're a great reporter. it sounds like you're saying that the vice president will not go for the kill. he won't nail them on the 47%, nail them on vouchers, nail him on the emergency rooms. will he do that? >> no. look, i had an adviser tell me -- am i going to hear the number 47 and they wouldn't 100% commit to it but they said i would be shocked if you didn't hear the number 47 tonight and 47. but no, no, no, biden's job is to throw -- as somebody said red meat earlier. it's called blue meat if it's for the blue meat. fine. it is supposed to be blue meat. this is a way of going after -- trying to draw the brighter lines with ryan. also fires up the democratic base. remember, that is an issue here after this first debate, which is a demoralizing feeling. biden's job is to fix that tonight. >> he wants to be a cheerleader for the team, he wants to attack him with blue meat or whatever we
if they talk about the tax thing too much in the context of deficit reduction, it doesn't help them because that's not the president's strongest turf. >> i know i ask you all of the great questions because you're a great reporter. it sounds like you're saying that the vice president will not go for the kill. he won't nail them on the 47%, nail them on vouchers, nail him on the emergency rooms. will he do that? >> no. look, i had an adviser tell me -- am i going to hear the number 47...
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the deficit got much bigger after i left. unemployment today is 10.6%. when i left it was 7%. so i like arnold, i think did he some good things. and some things didn't work out. that can be said of me, it could be said of almost every california governor. >> over the last few months we've seen major cities like stockton and san bernardino as well in california, we've seen those cities go bankrupt. what does it say about the fiscal challenges facing municipalities throughout the country? >> well i think there's a lot of challenges to cities, counties, states and federal government. the short answer is we have to learn to live within our means. i'd like to say when you go do a restaurant and you look at the items on the menu, they all look great. but we don't order everything. if we order everything, we'll die, we can't digest all that. we have to make choices, i believe if we decided to live within 95% of what the revenue brought in today we can make choices that will affect about 95% of the things we can do. when i was governor, that would be just fine and we could rein in spe
the deficit got much bigger after i left. unemployment today is 10.6%. when i left it was 7%. so i like arnold, i think did he some good things. and some things didn't work out. that can be said of me, it could be said of almost every california governor. >> over the last few months we've seen major cities like stockton and san bernardino as well in california, we've seen those cities go bankrupt. what does it say about the fiscal challenges facing municipalities throughout the country?...